A great visual by Linas Beliūnas on Brazil's FinTech giant Nubank which just reached 100 million customers in Brazil or ~57% of the adult population in the country 😳
Here are the numbers: 👥 >105 million customers globally (+20.8M Year-over-Year) 🌍 It's now the largest digital banking platform outside of Asia 🇧🇷 It's now the 4th largest financial institution in Latin America 💰 $25.2 billion worth of deposits (+64% YoY) 💸 $2.8 billion in revenues (+65% YoY) 🤑 $487 million in profit (+134% YoY) What is truly exceptional for NU is the following: despite serving more than 105 million customers, its monthly average cost per active customer still remains at $0.9 !!!
🍕 BREAKING: Domino's Pizza stock, $DPZ, soars over 8%
after Warren Buffett discloses new position in the company...
RFK JR. TO BE TAPPED TO “MAKE AMERICA HEALTHY AGAIN” AS HHS SECRETARY
President-elect Donald Trump will nominate Robert F. Kennedy Jr. as secretary of the Health and Human Services Department. RFK Jr., who is a vaccine skeptic and conspiracy theorist, is the son of the late Sen. Robert F. Kennedy, and the nephew of former President John Kennedy. Kennedy, a long time advocate for medical freedom and health, is set to join the administration with a commitment to “shake up” the health system and prioritize Americans’ well-being. Trump’s selection of Kennedy came a day after the Republican president-elect tapped Florida Rep. Matt Gaetz as attorney general.
Moderna is getting absolutely smacked (-7%) on the news that Trump is nominated RFK Jr to lead HSS $MRNA
Source: Bloomberg
Higher than expected US PPI + Powell's remarks yesterday sent rate-cut expectations notably lower - December less than 50-50 now...
Source: Bloomberg, www,zerohedge.com
Current gold price pattern is similar to that seen in 2016's "sweep republican victory"...
Source. www.zerohege.com
VACCINE STOCKS PLUNGE AS TRUMP TAPS RFK JR. FOR HHS CHIEF
Pharmaceutical stocks are in freefall after Trump named Robert F. Kennedy Jr. as his HHS Secretary nominee. Moderna (-30.6%), Novavax (-42.7%), and BioNTech (-11.9%) have all tumbled since the announcement as investors fear a dramatic shift in U.S. health policy. RFK Jr., who has challenged mainstream medical practices and vowed to streamline the FDA, says he'll refocus health agencies on nutrition and fighting chronic disease. Trump: "For too long, Americans have been crushed by the industrial food complex and drug companies." Source: @Breaking911 NBC, Mario Nawfal @MarioNawfal
Has J Powell handed Trump a ticking time bomb?
By prematurely cutting rates by 50 bps ahead of the election, even with inflation still running above target, the Fed has set the stage for an inflationary resurgence. The latest October inflation data released yesterday confirmed the trend, with PPI coming in at 2.4%, hotter than the expected 2.3% Meanwhile, core PPI rose to 3.1%, ahead of the expected 3.0% increase The bond market starts to price in this risk, with 10-year Treasury yields up nearly 70 bps since the Fed's began cutting overnight rates in September Rising borrowing costs will become a major headwind for Trump's pro-growth, and likely pro-inflationary, fiscal policies. And it could soon become a major problem for equity investors paying a near record high 28x (TTM) earnings in today's stock market. Source: Porter Stansberry @porterstansb on X, Marketwise,T
